Brong Corporation Is a Shipping Container Refurbishment Company That Measures

question 83

Multiple Choice

Brong Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for March.
When the company prepared its planning budget at the beginning of March, it assumed that 22 containers would have been refurbished. However, 18 containers were actually refurbished during March.
-The spending variance for "Employee salaries and wages" for March would have been closest to:

• A) $3,300 U
• B) $3,300 F
• C) $300 U
• D) $300 F

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Definitions:

Inflation

The progression at which the price level for goods and services at large advances, lessening the potency of purchasing.

Housewives

Individuals, traditionally women, who manage households and may or may not engage in paid employment outside the home.

Labor Force

The total number of people who are willing and eligible to work, including both the employed and those seeking employment.

GDP

The Gross Domestic Product, or GDP, is a metric that captures the entire value of goods and services generated within a country over a set period, serving as a gauge of its economic performance.